This policy is related to only certain pumps. The pumps which can be considered for the coverage are Centrifugal pumpsets (Electrical and Diesel Oil) and submersible pumpsets upto 25 HP and those pumps only which are used for agricultural purposes.
The Kisan Agriculture Pumpset Insurance of National Insurance Company is meant to insure the owner against the following problems:
• Fire/Lightning • Theft and burglary • Riot/strike/ Malicious damage • Terrorism
Apart from the above coverage, the Kisan Agriculture Pumpset Insurance of National Insurance Company also could cover the pumps against any losses arising out of Floods. This however would come at an extra cost and the premium would be more.